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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 However, batteries are the fastest-growing demand market for nickel.

Industry 243
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Gotion to build $2.36B battery component plant in Michigan

Green Car Congress

billion to build a battery component plant in Big Rapids, Michigan. engages in the research and development, production, and sale of power lithium batteries in China and internationally. In addition to MSF support, both Green Charter Township and Big Rapids Charter Township anticipate approval of a PA 198 real property tax abatement.

Michigan 150
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Polestar announces ‘Made in America’ EV production start date

Teslarati

Polestar has announced the production start date for its new South Carolina production facility, which it will be sharing with Volvo Cars. Now, the Swedish automaker is poised to finally address that issue as it begins production in South Carolina.

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Toyota and Redwood Materials partnership takes the next step

Teslarati

Toyota and Redwood Materials established a partnership last year to create a closed-loop solution for recycled battery production. Now, their partnership is taking the next step, as Toyota will source cathode active materials and anode copper foil from Redwood at the automaker’s upcoming North Carolina battery manufacturing plant.

Toyota 131
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Ford reportedly eliminates lease-to-buy option on electric vehicles

Teslarati

“The purchase of the BEV Lease is to aid in our goal of delivering carbon neutrality by 2050 by controlling the vehicle battery through its life, keeping it in the Ford network.” ” Ford, GM, Stellantis, Toyota push for Congress to eliminate EV tax credit limits. battery production.” battery production.”

Ford 98
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News: 2028 Scout Motors – The Big Reveal

Clean Fleet Report

The Scout production center is still in the construction phase in Blythewood (near Columbia), South Carolina. Scout Motors is a US-based operation with its headquarters in Virginia, research and development offices in Michigan, and manufacturing in South Carolina. Pretty simple.

Motor 98
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2025 Volvo EX90 price hiked $3,300, still missing features

Baua Electric

The 2025 Volvo EX90 now costs $81,290 The updated pricing includes a $3,300 price increase due to material costs The 2025 Volvo EX90 is in production in South Carolina The 2025 Volvo EX90 has gotten $3,300 more expensive ahead of the planned start of U.S. deliveries later this year, reported Automotive News.

Volvo 52